Lithuania: Lithuanian Airports plans to invest EUR 250mn in 2025-2052

Lithuania’s state-owned airport operator, Lietuvos Oro Uostai (Lithuanian Airports, LTOU), plans to invest another EUR 250mn in 2025-2052, according to a study drawn up by Dutch aviation consultancy NACO, BNS reports. Under the plan, LTOU would invest around EUR 180mn in developing Vilnius International Airport, EUR 50mn in Kaunas Airport, and EUR 20mn in Palanga Airport. Simonas Bartkus, CEO of LTOU, said that Vilnius would have a new arrival terminal by 2027, more commercial space in the existing terminal by 2028, an underground station for the Rail Baltica railway by 2030, and two more terminals by 2040. Bartkus said that LTOU would finance the projects using its own funds. In the future, LTOU expects its three international airports to serve around 17mn passengers per year, including up to 13mn in Vilnius alone.